Been thinking about the gap between "the tech works" and "people actually use it."
DuskEVM went live this year. Hedger is running ZK plus homomorphic encryption, so transactions stay opaque externally but auditors can still get in when they need to. On paper, that's the whole pitch solved: Solidity compatibility without giving up privacy.
But watching the NPEX side of things, I keep noticing the pace is slower than the infrastructure would suggest. Tokenizing a few hundred million in securities is real, not nothing. Still, it's a long way from "regulated finance runs on this by default."
I don't think that's a knock on Dusk specifically. It might just be what compliant infrastructure looks like the tech arrives faster than the institutions willing to test it. Legal teams don't move at protocol speed.
So the question I keep sitting with isn't "does the privacy work." It's "what does it actually take for a licensed venue to trust a chain enough to put real settlement on it, not just a pilot."
Still watching this one closely.

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